The Pitfalls of Forecasting, Part 2
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- August 27, 2014
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As noted in “The Pitfalls of Forecasting, Part 1,” forecasting is a balance between art and science. Using Risk Simulator can take care of the science, but it is almost … Continue Reading →
The Pitfalls of Forecasting, Part 1
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- August 27, 2014
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Regression Assumptions The following six assumptions are the requirements for a regression analysis to work: The relationship between the dependent and independent variables is linear. The expected value of the … Continue Reading →
The Pitfalls of Forecasting, Part 4
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- August 18, 2014
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Scatter Plots and Behavior of the Data Series (continued) As noted in “The Pitfalls of Forecasting, Part 3,” other than being good modeling practice to create scatter plots prior to … Continue Reading →
Logit, Probit, and Tobit: Limited Dependent Variables
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- August 18, 2014
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Theory The term limited dependent variables describes the situation where the dependent variable contains data that are limited in scope and range, such as binary responses (0 or 1) and … Continue Reading →
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